PT Jasa Armada Indonesia Tbk (ISX:IPCM) EBIT: Rp266,599 Mil (TTM As of Mar. 2026)


ISX:IPCM PT Jasa Armada Indonesia Tbk ISX:IPCM
94 GF Score
Price Rp328.00
GF Value Rp349.85
Valuation Fairly Valued
! 4 Warning Signs
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What is PT Jasa Armada Indonesia Tbk EBIT?

PT Jasa Armada Indonesia Tbk ISX:IPCM 94 EBIT is Rp266,599 Mil as of Mar. 2026. GuruFocus rates ISX:IPCM with a GF Score™ of 94/100 and a GF Value™ of Rp349.85 (Fairly Valued). The stock has 4 warning signs investors should review.

PT Jasa Armada Indonesia Tbk's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was Rp59,851 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was Rp266,599 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PT Jasa Armada Indonesia Tbk's annualized ROC % for the quarter that ended in Mar. 2026 was 15.54%. PT Jasa Armada Indonesia Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 29.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PT Jasa Armada Indonesia Tbk's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 21.29%.

PT Jasa Armada Indonesia Tbk  (ISX:IPCM) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

PT Jasa Armada Indonesia Tbk's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=219950.584 * ( 1 - 22.77% )/( (1095260.548 + 1090740.415)/ 2 )
=169867.8360232/1093000.4815
=15.54 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1714517.44 - 65130.555 - ( 554126.337 - max(0, 350802.317 - 1015317.877+554126.337))
=1095260.548

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1789843.109 - 88393.094 - ( 610709.6 - max(0, 381534.342 - 1094258.652+610709.6))
=1090740.415

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

PT Jasa Armada Indonesia Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=239405.828/( ( (651037.234 + max(179483.157, 0)) + (647122.616 + max(156339.699, 0)) )/ 2 )
=239405.828/( ( 830520.391 + 803462.315 )/ 2 )
=239405.828/816991.353
=29.30 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(360492.066 + 23227.241 + 77472.233) - (65130.555 + 0 + 216577.828)
=179483.157

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(370151.823 + 18771.777 + 94625.452) - (88393.094 + 0 + 238816.259)
=156339.699

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

PT Jasa Armada Indonesia Tbk's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=266598.969/1252306.583
=21.29 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PT Jasa Armada Indonesia Tbk EBIT Related Terms

PT Jasa Armada Indonesia Tbk EBIT Historical Data

* Premium members only.

The historical data trend for PT Jasa Armada Indonesia Tbk's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PT Jasa Armada Indonesia Tbk EBIT Chart

PT Jasa Armada Indonesia Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 173,949.27 187,633.54 198,660.98 225,321.44 264,592.97

PT Jasa Armada Indonesia Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 57,845.46 60,010.02 66,441.49 80,296.00 59,851.46

PT Jasa Armada Indonesia Tbk EBIT Competitor Comparison

For the Marine Shipping subindustry, PT Jasa Armada Indonesia Tbk's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

PT Jasa Armada Indonesia Tbk EV-to-EBIT vs Transportation Industry

For the Transportation industry and Industrials sector, PT Jasa Armada Indonesia Tbk's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where PT Jasa Armada Indonesia Tbk's EV-to-EBIT falls into.


ISX:IPCM
94GF Score
PT Jasa Armada Indonesia Tbk ISX:IPCM
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Jasa Armada Indonesia Tbk EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was Rp266,599 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of Rp266,599 Mil mean?
PT Jasa Armada Indonesia Tbk (ISX:IPCM) has a EBIT of Rp266,599 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on PT Jasa Armada Indonesia Tbk.
Is PT Jasa Armada Indonesia Tbk's EBIT too high?
PT Jasa Armada Indonesia Tbk's current EBIT is Rp266,599 Mil. Overall, PT Jasa Armada Indonesia Tbk has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Jasa Armada Indonesia Tbk's EBIT compare to competitors?
PT Jasa Armada Indonesia Tbk's EBIT of Rp266,599 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Transportation company?
A good EBIT depends on the Transportation industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on PT Jasa Armada Indonesia Tbk. PT Jasa Armada Indonesia Tbk's current EBIT is Rp266,599 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Jasa Armada Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Jasa Armada Indonesia Tbk (ISX:IPCM) is currently considered Fairly Valued. The stock's GF Value™ is Rp349.85, compared to a current price of Rp328.00 — trading 6.2% below its estimated fair value. The current EBIT is Rp266,599 Mil. PT Jasa Armada Indonesia Tbk's overall GF Score™ is 94/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For PT Jasa Armada Indonesia Tbk (ISX:IPCM), the current EBIT is Rp266,599 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is PT Jasa Armada Indonesia Tbk (ISX:IPCM) Overvalued in 2026?

Based on GuruFocus' analysis, PT Jasa Armada Indonesia Tbk stock appears to be undervalued. The current stock price of Rp328.00 is trading 6.2% below its estimated GF Value™ of Rp349.85. GuruFocus considers PT Jasa Armada Indonesia Tbk to be Fairly Valued.

Key valuation signals for ISX:IPCM:

  • EBIT: Rp266,599 Mil
  • GF Value™: Rp349.85 vs. price of Rp328.00 (6.2% below fair value)
  • GF Score™: 94/100 with 4 warning signs

No single metric tells the full story. See the ISX:IPCM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

PT Jasa Armada Indonesia Tbk Business Description

Address Jalan Yos Sudarso No. 9, Pelindo Tower, 8th & 9th Floor, Rawa Badak Utara, Koja, North Jakarta, Jakarta, IDN, 14230
PT Jasa Armada Indonesia Tbk is engaged in pilotage and towage services for container vessels, dry and liquid bulk, inland waterways, and offshore STS. The company also provides fleet maintenance services. The company's operating segments are Vessel Services, and Freight Services & Other Services. The company generates maximum revenue from the Vessel services segment.
94GF Score

Get the complete analysis for ISX:IPCM

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp328.00
Price
Rp349.85
GF Value